- #10,822
- Oct 27, 2024 7:44pm Oct 27, 2024 7:44pm
- Joined Dec 2018 | Status: Trader | 4,594 Posts
From my own particular “intra-day” charts, (as I don’t trade from the daily chart, which I use just as a major structure overview), I have isolated many lines which I call trader attractors that mutiple styles of traders "might" be currently observing individually themselves (who knows).
Also, the purpose of these lines is not for immediate trading but for me to assess where liquidity "may" enter OR be removed …
(while “in between” the intraday sessions is what Kev/Blue likes to call the markets’ monkey business periods
)
All this intraday stuff in my mind does not factor 1% into the real world actual tier & interbank actual currency exchanging that is taking place on a level not known to retail traders (retail hold & later abandon our tickets as TP/SL with their LPs via their brokers where no actual cash is initially exhanged - virtual equity
).
So we in retail see our market flutuations, almost by the minute in some cases, that I somehow believe are just the aggregations going on among our mid and lower level Liquidity Providers that are balancing the holds of retail buys AND sells (in total) before the market heads off in its planned direction.
Those “huge” candle moves we might see intraday are something where I wonder are we just catching up with what interbank now have as an exchange pricing by individual currencies & not pairs as such that we see (tho I am only speculating, lol, but it's my money in the end so I feel that I can for myself hahaa)
I may be wrong (or right) who really knows. However it's the mindset I trade to.
So, again I ask, where will new liquidity enter (as market orders) OR be removed (as TP …. OR s/l)
Each to their own, but trader attractor lines seem viable enough areas to me after 18 months of watching them everyday.
The final point I have been making regarding my charts is that retail cannot know what the current aggregation load favours (buy or sell) so we/I should wait as patiently as we/I can to see what the market does, and where, before trading. (AND, preferably after any shake out via the infamous Fakes’N’Flips of course).
It’s a game in the end I reckon, but not so much a game with rules but a game with repetitive market behaviour (the mechanics if you like)
All the best to all
Trade safe (then) trade well
the current (unresolved as yet) Japanese Elections chart below
.
Also, the purpose of these lines is not for immediate trading but for me to assess where liquidity "may" enter OR be removed …
(while “in between” the intraday sessions is what Kev/Blue likes to call the markets’ monkey business periods
)All this intraday stuff in my mind does not factor 1% into the real world actual tier & interbank actual currency exchanging that is taking place on a level not known to retail traders (retail hold & later abandon our tickets as TP/SL with their LPs via their brokers where no actual cash is initially exhanged - virtual equity
).So we in retail see our market flutuations, almost by the minute in some cases, that I somehow believe are just the aggregations going on among our mid and lower level Liquidity Providers that are balancing the holds of retail buys AND sells (in total) before the market heads off in its planned direction.
Those “huge” candle moves we might see intraday are something where I wonder are we just catching up with what interbank now have as an exchange pricing by individual currencies & not pairs as such that we see (tho I am only speculating, lol, but it's my money in the end so I feel that I can for myself hahaa)
I may be wrong (or right) who really knows. However it's the mindset I trade to.
So, again I ask, where will new liquidity enter (as market orders) OR be removed (as TP …. OR s/l)
Each to their own, but trader attractor lines seem viable enough areas to me after 18 months of watching them everyday.
The final point I have been making regarding my charts is that retail cannot know what the current aggregation load favours (buy or sell) so we/I should wait as patiently as we/I can to see what the market does, and where, before trading. (AND, preferably after any shake out via the infamous Fakes’N’Flips of course).
It’s a game in the end I reckon, but not so much a game with rules but a game with repetitive market behaviour (the mechanics if you like)
All the best to all
Trade safe (then) trade well
the current (unresolved as yet) Japanese Elections chart below
.
- #10,823
- Oct 27, 2024 8:31pm Oct 27, 2024 8:31pm
- Joined Dec 2018 | Status: Trader | 4,594 Posts
I'll be having a rest again from chart posting hahaa 
, back maybe in Nov.
Also
And btw
It's not just GJ, folks, that is just the pair that I trade which I post.
It's all currencies, indices, metals etc etc imho ... so the question could be asked (rhetorically)
Why do all markets behave the same
Trade em safe folks
.
, back maybe in Nov.Also
And btw
It's not just GJ, folks, that is just the pair that I trade which I post.
It's all currencies, indices, metals etc etc imho ... so the question could be asked (rhetorically)
Why do all markets behave the same
Trade em safe folks
.
- #10,824
- Oct 27, 2024 9:25pm Oct 27, 2024 9:25pm
- Joined Aug 2007 | Status: Trader | 3,200 Posts | Online Now
I'll be having a rest again from chart posting hahaa
Ahh Pete ! You had to ask !
Well imho... Why do all markets behave the same....Because charts are nothing more than a representation of rational human behaviour. Hence the human behaviour is what ties them all
together as cousins.
This rational human behaviour transcends thru all levels of/types of trades/trading/
From individual retail,,to liquidity providers to algos etc etc....
The human is the common denominator.
At least in my
'sCheers
Blue
Master your Mind,,,Master the Market
- #10,825
- Oct 28, 2024 6:08am Oct 28, 2024 6:08am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
{quote} Ahh Pete ! You had to ask !
IMHO, It's Pure Fear & Greed
It never gets easier, you just get better
- #10,826
- Edited 6:22am Oct 28, 2024 6:10am | Edited 6:22am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
- #10,827
- Oct 28, 2024 9:20am Oct 28, 2024 9:20am
- Joined Aug 2007 | Status: Trader | 3,200 Posts | Online Now
{quote} Did you say rational behaviour ? IMHO, It's Pure Fear & Greed
Master your Mind,,,Master the Market
- #10,828
- Oct 28, 2024 5:17pm Oct 28, 2024 5:17pm
- Joined Aug 2006 | Status: Trader | 5,317 Posts
{quote} Yes Shabs exactly right,,, fear and greed which are part of rational normal human behaviour IMO
It never gets easier, you just get better
- #10,830
- Oct 29, 2024 5:31am Oct 29, 2024 5:31am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} {image} {image}
every Saint has a past. Every Sinner has a Future
- #10,832
- Nov 3, 2024 6:35am Nov 3, 2024 6:35am
- Joined Dec 2018 | Status: Trader | 4,594 Posts
Okay, daylight savings has come into play in the USA
(pushing the good ol NY Open, here in Brizzie, Aus, back an hour now to 11pm, which is nod time for me of course
)
For position & long term traders, we can maybe guess where price might eventually go, why not it’s a free world
For intraday traders (such as myself) I will probably look again for any of the target trader attractors, that might come into play again
Plus
I had a quick look (and then just laughed)
When I saw that those hard working bankers over at the BoJ
Needed
yet ANOTHER public holiday tomorrow
(for goodness sakes)
(must be tough work keeping control of their Yens I imagine, so maybe they deserve it, why not)
And, of course
Elections in the home of the free also early in the week, might cause somemanip oops havoc in the markets, who knows?
I might slip back towards the end of the week to see what everyone is up to, in the meantime
Trade safe and trade well all
.
(pushing the good ol NY Open, here in Brizzie, Aus, back an hour now to 11pm, which is nod time for me of course
)For position & long term traders, we can maybe guess where price might eventually go, why not it’s a free world
For intraday traders (such as myself) I will probably look again for any of the target trader attractors, that might come into play again
Plus
I had a quick look (and then just laughed)
When I saw that those hard working bankers over at the BoJ
Needed
yet ANOTHER public holiday tomorrow
(for goodness sakes)(must be tough work keeping control of their Yens I imagine, so maybe they deserve it, why not)
And, of course
Elections in the home of the free also early in the week, might cause some
I might slip back towards the end of the week to see what everyone is up to, in the meantime
Trade safe and trade well all
.
- #10,833
- Nov 3, 2024 11:21am Nov 3, 2024 11:21am
- Joined Aug 2007 | Status: Trader | 3,200 Posts | Online Now
Okay, daylight savings has come into play in the USA (pushing the good ol NY Open, here in Brizzie, Aus, back an hour now to 11pm, which is nod time for me of course
Hope all is well on the big island
Ahh Daylight savings time ended this morning......We are now on Standard time.(Canada/US)(most of)
My other hometown in Mexico tho always remains on Standard time no switchy roo's anymore. Most of Mexico did away with DST and only a few (U.S.)border towns keep it for the gringos i guess.
Should be an interesting week with the US elections(God only knows
).....personally I will tread(yes tread no typo
) lightly.Other than that,,,that is my only political/religious commentary
Cheers
Master your Mind,,,Master the Market
- #10,835
- Nov 4, 2024 5:42pm Nov 4, 2024 5:42pm
- Joined Dec 2018 | Status: Trader | 4,594 Posts
Okay, it’s 
Melbourne Cup horse race day in Aus today 
, but NO horse betting for me
(just the Forexgamb ooops trading stuff for me)
Still I will be in and out and watching the racing extravaganza on the tv,
gets good viewing hahaa late in the day when the grog starts affecting the guys & gals and you see some hilarious & outrageous human intoxicated behaviour
(a bit like those elephants I saw who meander miles off of their path just to get to the high alcohol rotting fruit on trees, then consume copious amounts,
and afterwards stagger around like, well drunken elephants hahaa).
A trading chart, why not, to give a help on assessments for any interested in daily trends, ie breakouts.
At the top of the chart we can see the Previous Daily HIGH, and at the bottom the prior LOW.
Anything happening within those lines (ie any market/price moves) is just forming itself as a Daily INSIDE BAR
which tells the astute trader that the daily candle is still range bound (even tho the range can be quite substantial)
This for daily chart readers.
Intraday traders will mainly be watching all the ups & downs inside those ranges
(some will even be looking for intraday targets etc)
However, I digress
Back to the neddies with race one shortly to kick off.
Wishing all some good forex trading today folks
Trade em safe and trade em well
.
Melbourne Cup horse race day in Aus today , but NO horse betting for me(just the Forex
Still I will be in and out and watching the racing extravaganza on the tv,
gets good viewing hahaa late in the day when the grog starts affecting the guys & gals and you see some hilarious & outrageous human intoxicated behaviour
(a bit like those elephants I saw who meander miles off of their path just to get to the high alcohol rotting fruit on trees, then consume copious amounts,
and afterwards stagger around like, well drunken elephants hahaa).
A trading chart, why not, to give a help on assessments for any interested in daily trends, ie breakouts.
At the top of the chart we can see the Previous Daily HIGH, and at the bottom the prior LOW.
Anything happening within those lines (ie any market/price moves) is just forming itself as a Daily INSIDE BAR
which tells the astute trader that the daily candle is still range bound (even tho the range can be quite substantial)
This for daily chart readers.
Intraday traders will mainly be watching all the ups & downs inside those ranges
(some will even be looking for intraday targets etc
)However, I digress
Back to the neddies with race one shortly to kick off.
Wishing all some good forex trading today folks
Trade em safe and trade em well
.
- #10,836
- Nov 7, 2024 7:33pm Nov 7, 2024 7:33pm
- Joined Dec 2018 | Status: Trader | 4,594 Posts
A one min 'review' (not trade) chart, why not
Snuck a wee bit so far (+13p net), can't find a main move just yet, maybe Franky-London we shall see
What are the ma's
Doesn't matter imo use whatever you prefer, I don't use em for trades just for a soft current overview
Each to their own
Trade safe, trade well all
.
Snuck a wee bit so far (+13p net), can't find a main move just yet, maybe Franky-London we shall see
What are the ma's
Doesn't matter imo use whatever you prefer, I don't use em for trades just for a soft current overview
Each to their own
Trade safe, trade well all
.
- #10,837
- Nov 12, 2024 3:53pm Nov 12, 2024 3:53pm
- Joined Dec 2018 | Status: Trader | 4,594 Posts
Every day, and Day after Day
(but I shan’t post them day after day, anymore
)
The market has to do this (imho)
Aggregation, move to next station, repeat
Logical Trader Attractors sit there waiting for Traders interest
Liquidity is added (market orders)
Liquidity is removed (TP and/or S/L)
Cycle is repeated
Chart does its daily sojourns, over and over
Price & Time
Trade safe, trade well all
.
(but I shan’t post them day after day, anymore
)The market has to do this (imho)
Aggregation, move to next station, repeat
Logical Trader Attractors sit there waiting for Traders interest
Liquidity is added (market orders)
Liquidity is removed (TP and/or S/L)
Cycle is repeated
Chart does its daily sojourns, over and over
Price & Time
Trade safe, trade well all
.
- #10,838
- Nov 15, 2024 12:39am Nov 15, 2024 12:39am
- Joined Dec 2018 | Status: Trader | 4,594 Posts
Franky opens in just under ½ an hour
Coincides with some RED GBP news (gdp)
Could be some interesting market moves coming for those that enjoy that sort of wild thing
But my day is done
Trade safe, trade well all
.
Coincides with some RED GBP news (gdp)
Could be some interesting market moves coming for those that enjoy that sort of wild thing
But my day is done
Trade safe, trade well all
.
- #10,839
- Nov 15, 2024 4:14pm Nov 15, 2024 4:14pm
- Joined Dec 2018 | Status: Trader | 4,594 Posts
Could be some interesting market moves coming for those that enjoy that sort of wild thing
A fun thing to see in the morning, as I get up, the good 'ol GJ Grinder
Had to post the chart below lol, for historical reasons hahaa.
Despite the market flow (well, avalanche in NY) the mechanics stuck to the attractors where new liquidity enters (and exits).
There are always two entering of course.
The trader who initiates their trade (whatever direction).
And the person/entity that takes the Equal but Opposite side to that trade.
One is attracted by the place & time.
The other by that traders initial entry
Trade safe, trade well all
(none for a week now I reckon, charts I mean
).
- #10,840
- Nov 15, 2024 4:37pm Nov 15, 2024 4:37pm
- Joined Aug 2006 | Status: Trader | 5,317 Posts
{quote} A fun thing to see in the morning, as I get up, the good 'ol GJ Grinder Had to post the chart below lol, for historical reasons hahaa. Despite the market flow (well, avalanche in NY) the mechanics stuck to the attractors where new liquidity enters (and exits). There are always two entering of course. The trader who initiates their trade (whatever direction). And the person/entity that takes the Equal but Opposite side to that trade. One is attracted by the place & time. The other by that traders initial entry
But then again Market Structure would have told you that, as price was breaking PDH (Fakey) but not sufficient momentum to break the Week HIgh.
Franky Open tipping the balance and taking it below PDO and into the NY Open, for a brief respite only.
It never gets easier, you just get better